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International Delegation Discusses Market Automation

THIS WEEK'S LEAD STORIES

Electronic trading is here to stay. At least that was the premise for a discussion at the conference on Regulating International Financial Markets, sponsored by Columbia University in New York last week. But while marketplace automation was regarded as axiomatic, the need for global coordination of market regulation was a point of contention among banking and regulatory experts.

Joseph Grundfest, professor of law at Stanford University and former Securities and Exchange Commission commissioner

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